TRX IS APPROACHING THE CEILING BEFORE A POSSIBLE PULLBACK
$TRX is moving inside a rising wedge, but price is now getting close to the upper resistance zone around $0.322. Buyers are still keeping the structure alive, yet the chart shows a possible rejection setup if TRX fails to break this ceiling with strength.
This is not a clean short from the middle of the range. The more interesting reaction comes if TRX first pushes into resistance, gets rejected, and then starts rotating back toward the lower wedge support.
🎯 Trade Setup I’m Watching
📌 Entry area: $0.3215 – $0.3225
🛑 Stop loss: above $0.3240
🎯 First target: $0.3200
🚀 Main target: $0.3180 – $0.3185
⚠️ Invalidation: strong breakout and hold above $0.3240
If sellers defend the upper wedge line, TRX could pull back toward the lower structure before choosing the next direction. But if buyers break above $0.324, the bearish pullback idea becomes much weaker.
Would you short TRX near resistance, or wait for a clear breakdown from the wedge first?
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